Asia Pacific Rehabilitation robots Market
The APAC is the fastest-growing market for rehabilitation robots in a global scenario. The region is analyzed based on China, India, Japan, Australia, South Korea, and the Rest of the APAC. The region is the fastest growing market for the rehabilitation robots over the forecast period. The major driving factors for the market growth are increased technological innovation, increased training and education of individuals, increased investment, and development of rehabilitation robots by market leaders and local enterprises, and lower costs of rehabilitation robots as a result of medical tourism. These factors are going to fuel the regional rehabilitation robots market in the anticipated period. Besides, factors such as increasing need for superior treatment solutions, favorable regulatory scenarios, and increasing focus on research and development activities also contribute to the market growth significantly.
The 2019 novel coronavirus (2019-nCoV), officially named as COVID-19 by the WHO, has spread to more than 170 countries, including China prompting the WHO to declare the disease as a global pandemic. From its epicenter in China, the novel coronavirus has spread to infect 514,179 people and cause no less than 18,440 deaths in at least 160 countries across a three-month span from January 2020 till date. These figures are according to the World Health Organization (WHO) Situation report as of March 25th. Accompanying the tragic loss of life that the virus has caused is the impact to the global economy, which has reeled from the effects of the pandemic. As research details emerge, the data pool grows exponentially, beyond the capacity of human intelligence alone to handle. The use of robots in the medical sector, to help in areas such as nursing, physical rehabilitation, and surgery, has been a particular priority in Japan and China. Thus, the outbreak of COVID-19 has prompted hospitals to speed up the clinical application of robotic technology in China and Japanese region. Advancements in robotic rehabilitation application such as rehab exercise, neuro robotic rehabilitation, among Others. This has no doubt aided the control of the COVID-19 pandemic and helped to curb its worst effects. Hence, such outbreaks continue, the need for new technological advanced products nationwide increases and thereby positively impacting the market.
Strategic insights for the Asia Pacific Rehabilitation robots provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 132.71 Million |
| Market Size by 2028 | US$ 555.65 Million |
| Global CAGR (2021 - 2028) | 22.7% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
The geographic scope of the Asia Pacific Rehabilitation robots refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The rehabilitation robots market in APAC is expected to grow from US$ 132.71 million in 2021 to US$ 555.65 million by 2028; it is estimated to grow at a CAGR of 22.7% from 2021 to 2028. Wearable exoskeletons are emerging as revolutionary devices for gait rehabilitation due to the active participation of a user, which promotes physical activity and the possibility of being used as an assistive device in the community. There has been a rapid increase in the number of studies on wearable exoskeletons in since past 10 years, following the general tendency now toward rehabilitation robots. A few of these devices already have FDA approval and/or CE mark, and are commercially available, whereas many devices are still under development. The use of ADM also helps skip skin grafting procedure and harvest tissues from one’s own body, which acts as an advantage for the patients and healthcare providers. Moreover, these matrices are available in different shapes, sizes, and thicknesses to meet the specific needs of the patients.
The APAC rehabilitation robots market is segmented into type and end user. Based on type, the rehabilitation robots market is segmented into therapeutic robots, assistive robots, exoskeleton robots, and prosthetic robots. The exoskeleton robots segment held the largest share of the market in 2020. Based on end-user, the rehabilitation robots market is segmented into hospitals, rehabilitation centers, and specialty clinics. The rehabilitation centers segment held the largest share of the market in 2020.
A few major primary and secondary sources referred to for preparing this report on the rehabilitation robots market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Cyberdyne Inc.; DIH Medical; Ekso Bionics Holdings Inc; Rewalk Robotics Ltd; Rex Bionics Ltd; Toyota Motor Corporation, and VINCENT MEDICAL HOLDINGS LIMITED.
The Asia Pacific Rehabilitation robots Market is valued at US$ 132.71 Million in 2021, it is projected to reach US$ 555.65 Million by 2028.
As per our report Asia Pacific Rehabilitation robots Market, the market size is valued at US$ 132.71 Million in 2021, projecting it to reach US$ 555.65 Million by 2028. This translates to a CAGR of approximately 22.7% during the forecast period.
The Asia Pacific Rehabilitation robots Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Rehabilitation robots Market report:
The Asia Pacific Rehabilitation robots Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Rehabilitation robots Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Rehabilitation robots Market value chain can benefit from the information contained in a comprehensive market report.
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